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Maran ups the ante in SpiceJet dispute, seeks over Rs 1,323 cr in damages

The Business Guardian

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May 28, 2024

KALA AL Airways and its promoter, Kalanithi Maran, have announced plans to seek over Rs 1,323 crore in damages from SpiceJet and its chief, Ajay Singh, following a recent legal setback. This decision comes after the Delhi High Court overturned a prior order that had favoured Maran in a protracted dispute over a failed financial agreement, reported PTI.

Maran ups the ante in SpiceJet dispute, seeks over Rs 1,323 cr in damages

The dispute originates from 2015 when Ajay Singh, a former owner of SpiceJet, reacquired the airline from Maran after it faced severe financial difficulties. Maran and KAL Airways claimed they had paid SpiceJet Rs 679 crore for issuing warrants and preference shares as part of the acquisition deal. However, by 2017, Maran approached the Delhi High Court, alleging that SpiceJet had neither issued the convertible warrants and preference shares norreturned the money.

The Business Guardian से और कहानियाँ

The Business Guardian

The Business Guardian

Heavy rains batter Maha, NDRF rescues over 300 people in Marathwada districts

‘The Continuous heavy rainfall across several districts of Maharashtra has led to a flood-like situation, prompting the deployment of the National Disaster Response Force (NDRF) in Beed, Dharashiv, and Solapur districts.

time to read

1 min

September 24, 2025

The Business Guardian

The Business Guardian

Rahul Gandhi urges PM to announce Punjab Flood relief package

Congress leader Rahul Gandhi on Monday again urged Prime Minister Narendra Modi to immediately announce a comprehensive relief package for Punjab following devastation caused by floods in the state.The Congress leader, who had written a letter to PM Modi earlier, said Punjab has suffered losses of “nearly Rs 20,000 crore” due to the floods, and the initial relief package of Rs 1600 crore announced by PM Modi is an “injustice” to the people of Punjab.”

time to read

1 min

September 24, 2025

The Business Guardian

Workplace culture and human behavior: A key to mental health

In today’s fast-paced and interconnected world, work environments have a profound effect on employees’ mental health.

time to read

5 mins

September 24, 2025

The Business Guardian

The Business Guardian

SCHOOLING WOMEN: LESSONS AT HOME, VOICES OUTSIDE — EDUCATION’S RISE FROM ZENANA T0 ASSEMBLY

Not a one-way crossing but a two-way circulation: household skills—thrift, hygiene, record-keeping—scaled into public reform, while exams and magazines brought civic habits back home. The “good wife” became budget-maker and petition-signer; the school learned the idioms of cleanliness and care. Separate spheres, in practice, taught each other.

time to read

10 mins

September 24, 2025

The Business Guardian

The Business Guardian

Small states, big challenges: The legal paradox of UN membership

This article is an extension of the views I previously expressed in my article, “The Feeble Existence of the United Nations,” published on 16 October 2024.

time to read

3 mins

September 24, 2025

The Business Guardian

‘Defacement will not be tolerated’: Delhi CM

‘ACTION ON THOSE PUTTING UP POSTERS’

time to read

2 mins

September 24, 2025

The Business Guardian

Rahul launches Organization Creation Campaign in key states, raises factionalism concerns

Rahul Gandhi, Leader of the Opposition in the Lok Sabha, has launched the Organization Creation Campaign in states considered organizationally sound. These states are Rajasthan, Telangana, and Chhattisgarh.

time to read

1 mins

September 24, 2025

The Business Guardian

The Business Guardian

Crompton launches DURA series submersible pumps

When it comes to water supply, consumers look for solutions they can trust - especially for high-value, long-term investments like submersible pumps.

time to read

2 mins

September 24, 2025

The Business Guardian

The Business Guardian

ED SEIZES RS 7.44 CR ASSETS LINKED TO AAP’S SATYENDAR JAIN

The Enforcement Directorate (ED) on Tuesday said it has attached a fresh set of assets worth Rs 7.44 crore of companies \"beneficially owned and controlled\" by AAP leader and former Delhi minister Satyendar Jain as part of a money laundering investigation.

time to read

1 mins

September 24, 2025

The Business Guardian

The Business Guardian

Nearly 200 fall ill after consuming buckwheat flour in Delhi

Nearly 200 people have fallen ill due to food poisoning allegedly after consuming buckwheat flour during Navratri fasting in northwest Delhi, police said on Tuesday.

time to read

1 mins

September 24, 2025

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